By  on January 29, 2014

LONDON — A profit warning pushed Mulberry Group’s shares down 23.8 percent on the London Stock Exchange Wednesday, although the brand’s chief executive officer Bruno Guillon remains upbeat about the British brand’s prospects.

Mulberry shares closed down at 7.05 pounds, or $11.55, after the company said pretax profits in the year ending March 31 would be “substantially below” market expectations, due to lower-than-expected sales growth, a tricky Christmas season and costs related to international store openings.

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